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If preferred dividends are cumulative, then upon purchase, preferred shareholders receive all prior paid dividends. prior unpaid dividends must be paid in addition to the
If preferred dividends are cumulative, then
| upon purchase, preferred shareholders receive all prior paid dividends. |
| prior unpaid dividends must be paid in addition to the current year's dividend before common stockholders can received any dividends. |
| each periods dividend is greater than the prior dividend. |
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